13F filing recap · Q1 2019

What did Pershing Square Capital Management buy in Q1 2019?

Reported stock-position changes between this filing and the previous one.

Stock value

$6.72B

Positions

Estimated turnover

12.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Increased positions

HLTHilton Worldwide Holdings Inc.$911.40Mreported value+18.8K shares+0.2%UTXRtx Corporation$750.04Mreported value+241.0K shares+4.3%

Reduced positions

CMGChipotle Mexican Grill, Inc.$1.32Breported value-78.1K shares-4.0%QSRRestaurant Brands International Inc.$1.19Breported value-1.34M shares-6.8%LOWLowe’s Companies, Inc.$1.02Breported value-221.6K shares-2.3%SBUXStarbucks Corporation$742.96Mreported value-1.76M shares

Exited positions

PAHElement Solutions Inc$417.86Mprior reported value-40.45M shares-100.0%